Global Construction Disputes: The Higher the Stakes, the Bigger the Risk
Disputes relating to major global construction projects increased significantly in value to, on average, $51million in 2014. This represents the second consecutive year in which values have increased with the average now reaching $51million, up almost $19million on 2013. Significantly, the number of projects going into dispute is also expected to rise during 2015, with low margins agreed during the economic downturn and labor shortages in some markets likely to prove a catalyst for disputes.
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